Primero Executes Contract with Hazer for Development of CDP Plant

Hazer Group has advised that its Board has approved the final investment decision to proceed with the Hazer Commercial Demonstration Plant (CDP).

“Primero is extremely pleased to execute the contract with Hazer for the development of its Commercial Demonstration Plant. Both companies have been working closely on the design and delivery of this project over the last twelve months in order to reach this milestone. Congratulations to the Hazer leadership and management team.”

The Hazer Board has revised the previously announced CAPEX budget of $16.65 million to $17 million. Primero’s scope has been expanded to include a stationary hydrogen fuel cell power generation system that will allow Hazer to use some of the hydrogen produced by the CDP to generate its own renewable power, thereby offsetting power purchased from utility providers and reducing project operating costs. The installation of the hydrogen fuel cell will be one of the first larger-scale installations in Australia and will demonstrate the technology’s ability to be integrated with the Australian grid.